Despite youngsters Raheem Sterling, Jordan Henderson and Jon Flanagan excelling during the 2013/14 campaign, Brendan Rodgers' squad is crying out for one or two players that have "been there and done it," so to speak.
A player who immediately springs to mind is Sami Khedira, a man fresh from not only celebrating Germany's World Cup success in Brazil, but also Real Madrid's Champions League success of May this year.
Darren Lewis of the Mirror reports that both Arsenal and Chelsea are interested in bringing Khedira to the Premier League, and that Real are willing to offload the midfielder for a fee of around £20 million.
Now for a team that clearly lacked strength in depth in central midfield last season, £20 million for a player of Khedira's quality and experience looks a snip. The German international would fit perfectly into the system Rodgers has implemented during his time at Anfield.
The former Stuttgart man is good on the ball, strong in the tackle, and as shown during Germany's 7-1 thrashing of Brazil in Belo Horizonte, he can be a threat in the opposition's penalty area.
While the likes of Steven Gerrard, Joe Allen and the aforementioned Henderson covered themselves in glory as the Reds finished runners-up last season, quality does appear to be lacking when compared to the midfield talent at the disposal of both Manchester City and Chelsea.
City possess the likes of David Silva, Yaya Toure and Fernandinho, while Chelsea have added Cesc Fabregas to a midfield already containing high-calibre players, including Eden Hazard, Oscar, Ramires and powerhouse Nemanja Matic.
The Reds could be even lighter in central midfield numbers if Lucas Leiva is offloaded to Napoli to fund a move for Dejan Lovren, as reported by Ben Jefferson of the Express.
With Real finalising a move for Khedira's international team-mate, Toni Kroos, a move to the Premier League for the experienced midfielder appears more likely than ever, despite the German's agent revealing to Sky Sports that there had been no contact regarding his client.
If these reports are true, then Rodgers and the Liverpool hierarchy should without doubt sound out the Spanish giants over a possible move for the World Cup and Champions League winner.
Khedira's displays during Germany's march to success in Brazil appear to have proven that the midfielder has put an injury-plagued season in Spain behind him and shown that he can still be a force at the highest level.
With Gerrard now accustomed to the deeper holding midfield role, a midfield containing the Reds captain, Henderson and Khedira would complement each other superbly.
Deploying both Khedira and Henderson slightly ahead of Gerrard would provide the Reds with both the balance and quality in midfield that was at times missing throughout the previous campaign.
With Gerrard now featuring in a similar position to that of Xabi Alonso at Real, Khedira would have no problem settling into the system that worked so well for the Reds last season.
Players of Khedira's quality can fit into any midfield. The German international is a born winner and has flourished during his time in the Spanish capital.
Signed by Jose Mourinho on the back of an impressive 2010 World Cup in South Africa, in four seasons at the Bernabeu, Khedira has picked up one Champions League winner's medal, one La Liga winner's medal, two Copa del Rey winner's medals and one Spanish Super Cup (via realmadrid.com).
From the current Liverpool squad, only Gerrard can boast a medal haul superior to that of the German international.
The Reds appeared to fall short of the finish line last season as they lacked players who knew how to win titles. Glen Johnson and Daniel Sturridge were hardly regulars in the Chelsea sides that tasted Premier League success in 2005 and 2010 respectively, despite both players receiving a winner's medal.
Manchester City, on the other hand, had the likes of Vincent Kompany, Yaya Toure and even Martin Demichelis—players who had the experience of what it takes to win a league title.
Khedira too has this experience. He is a proven winner at both club and international level and is the type of player the Reds are crying out for. Gerrard would love him.
Not since the departure of Javier Mascherano from Anfield in 2010 has Gerrard played alongside a truly world-class central midfielder. Not for the want of trying, the Reds have never really replaced either Alonso or Mascherano since their exits.
If reports by Joe Bernstein of the Daily Mail that Rodgers is planning to use Gerrard in less than half of his side's matches next season are true, then it is crucial that the Reds boss brings in an experienced head to soften the blow of Gerrard not being in the team.
Khedira, quite simply, fits the bill.
Do you readers think Khedira would be a quality signing for the Reds? Do you think they can compete with Arsenal and Chelsea for his signature or is there another midfielder you would like to see arrive at Anfield? As always, leave your comments below.